The Trump propaganda network, AKA NewsMax had a IPO and it was something Scripps CEO Adam Symson could only dream about.

The stock opened at $14 a share and quickly went up from there. At 10:20AM the stock went over $190 a share before dropping back down into the $130s.

Before you think about buying this stock, I would bet my Apple shares that it wouldn’t be long before the stock is trading in the lower double digits.

The MAGA folks were able to pump the stock up, but I don’t think it will be long before they dump it. Just as an FYI, NewsMax lost $72 million dollars last year.

Meanwhile, Scripps saw a bump up in their stock. It’s now just over $3 bucks.

Here’s NewsMax not covering news, but lining up behind CEO Chriss Ruddy as he tries to read the prompter saying how great his network is.